The American economy continues to look bleak, and indicators of an impending recession continue to emerge. Goldman Sachs' chief economist stated last week in a note to clients that the bank views the "odds of a recession as around 15% in the next 12 months and 35% in the next 24 months." Additionally, John Mauldin, a prominent financial expert, states that he would not be surprised if the stock market plummeted by 40% this year, as he believes a recession is imminent.
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